BAKU, Azerbaijan, December 19. Transport and logistics traditionally retain the highest investment appeal in Azerbaijan, Trend reports.
According to the Eurasian Development Bank (EDB), Azerbaijan's location at the intersection of key transport routes between Europe and Asia makes it an important transit hub.
The relevance of transport and logistics for the economy increased dramatically as the neighboring countries started to explore alternative goods delivery corridors. In addition, Azerbaijan is actively developing its tourism sector, which offers great opportunities for investing in hotels, restaurants, and tourist services," the bank said.
Azerbaijan is strengthening its economic position in the Eurasian region, ranking third in terms of exported investments with a share of 7.3 percent ($3.5 billion) of total investments in the region ($48.8 billion), according to the results of the first half of 2023, and Azerbaijan's share in attracted accumulated mutual investments in the region is 8.7 percent ($4.2 billion).